The jackpot for the Powerball draw on Mon Mar 9, 2026, is projected to be $46 Million, with an option for a cash payout of $21.2 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For New York residents, the state will deduct 8.82% from your lottery earnings.
| New York Powerball Jackpot/Cash Option for Mon Mar 9, 2026 |
|---|
| Draw Date | Mon Mar 9, 2026 | | Projected Jackpot | $46,000,000 | | Cash Value | $21,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $21,200,000 | | Federal Tax(24%) | $5,088,000 | | Additional Federal Tax | $2,716,330 | | State Tax(8.82%) | $1,869,840 | | Net Lumpsum Payment | $11,525,830 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$692,346 |
$216,498
$61,065 |
$414,783 |
| 2 |
$726,984 |
$229,314
$64,120 |
$433,550 |
| 3 |
$763,324 |
$242,760
$67,325 |
$453,239 |
| 4 |
$801,504 |
$256,887
$70,693 |
$473,924 |
| 5 |
$841,570 |
$271,711
$74,226 |
$495,633 |
| 6 |
$883,660 |
$287,285
$77,939 |
$518,436 |
| 7 |
$927,820 |
$303,624
$81,834 |
$542,362 |
| 8 |
$974,234 |
$320,797
$85,927 |
$567,510 |
| 9 |
$1,022,948 |
$338,821
$90,224 |
$593,903 |
| 10 |
$1,074,100 |
$357,747
$94,736 |
$621,617 |
| 11 |
$1,127,782 |
$377,610
$99,470 |
$650,702 |
| 12 |
$1,184,178 |
$398,476
$104,444 |
$681,258 |
| 13 |
$1,243,380 |
$420,381
$109,666 |
$713,333 |
| 14 |
$1,305,572 |
$443,392
$115,151 |
$747,029 |
| 15 |
$1,370,846 |
$467,543
$120,909 |
$782,394 |
| 16 |
$1,439,386 |
$492,903
$126,954 |
$819,529 |
| 17 |
$1,511,330 |
$519,522
$133,299 |
$858,509 |
| 18 |
$1,586,908 |
$547,486
$139,965 |
$899,457 |
| 19 |
$1,666,258 |
$576,846
$146,964 |
$942,448 |
| 20 |
$1,749,564 |
$607,669
$154,312 |
$987,583 |
| 21 |
$1,837,056 |
$640,041
$162,028 |
$1,034,987 |
| 22 |
$1,928,918 |
$674,030
$170,131 |
$1,084,757 |
| 23 |
$2,025,334 |
$709,704
$178,634 |
$1,136,996 |
| 24 |
$2,126,626 |
$747,182
$187,568 |
$1,191,876 |
| 25 |
$2,232,932 |
$786,515
$196,945 |
$1,249,472 |
| 26 |
$2,344,620 |
$827,840
$206,795 |
$1,309,985 |
| 27 |
$2,461,828 |
$871,207
$217,133 |
$1,373,488 |
| 28 |
$2,584,924 |
$916,752
$227,990 |
$1,440,182 |
| 29 |
$2,714,184 |
$964,578
$239,391 |
$1,510,215 |
| 30 |
$2,849,884 |
$1,014,787
$251,360 |
$1,583,737 |
|
|
